Home Spain stamps Giesecke + Devrient (Germany) and De La Rue plc (United Kingdom) are key players in the security paper market

Giesecke + Devrient (Germany) and De La Rue plc (United Kingdom) are key players in the security paper market

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Browse 102 tables of market data and 37 figures spread over 156 pages and an in-depth table of contents on the “security paper market”

Security Paper Market by Component (Substrates, Watermarks, Threads & Holograms), Application (Tickets, Passports, ID Cards, Certificates, Legal & Government Documents, Checks & Stamps) and Region

The security paper market is expected to grow from $ 11.4 billion in 2018 to $ 14.8 billion by 2023, at a compound annual growth rate (CAGR) of 5.42% from 2018 to 2023. Key factors driving the growth of the global market security paper include the increase in tourism, the growing demand for printing, reprinting and circulation of banknotes, and the growing demand for highly secure documents.

The Asia-Pacific region is expected to dominate the security paper market, in terms of value and volume, from 2018 to 2023. The growth of the Asia-Pacific security paper market is attributed to higher revenue, growth the tourism industry and the increase in the printing and reprinting of banknotes in the region. In addition, the increasing demand for security papers such as government IDs, legal and government documents and other documents is also driving the demand for security papers in India. Demand is also driven by the growing market for holograms for safety and consumer protection from counterfeit products.

The security paper market is dominated by several key players such as Giesecke + Devrient (Germany), De La Rue plc (UK), Fedrigoni Group (Italy), Security Printing and Minting Corporation of India Limited (India), Real Casa de la Moneda (Spain), Security Paper Limited (Pakistan), Goznak (Russia), China Banknote Printing and Minting Corporation (China), Drewsen Spezialpapiere GmbH & Co. KG (Germany) and Document Security Systems (United States). growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements and joint ventures to increase their market share and improve their product portfolios.

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Expansion, acquisition and new product launch strategies together accounted for the largest share of all strategic developments that took place in the security paper market between January 2016 and November 2018. Key players such as Giesecke + Devrient (Germany), De La Rue plc (United Kingdom), Fedrigoni Group (Italy) and Security Printing and Minting Corporation of India Limited (India) have adopted these strategies to strengthen their product portfolios, expand their presence in the market and improve their growth prospects in the security paper market.

Giesecke + Devrient is one of the key players in the security paper market. Its solid business portfolio and broad presence around the world, which contribute to its leadership role in the security paper market. High revenues and the adoption of strategic initiatives such as partnership, joint venture, contract, acquisition and expansion have secured its leading position in the market. In 2017, G + D Currency Technology acquired Procoin GmbH (Germany), a supplier of counting, sorting and packaging machines in coin and banknote counters. Through this strategic initiative, the company has broadened its offering in the coin segment and strengthened its position as a global market leader in cash cycle automation processes.

De La Rue plc is another major manufacturer of commercial paper and banknote printers. Its clients include commercial banks, central banks and other financial institutions. It is firmly established around the world with manufacturing sites on three continents, and the company serves customers in more than 140 countries, combined with a broad product portfolio, thanks to which it occupies a significant position in the market. It has adopted strategies such as new product launches, contracts, expansions, investments, deals, partnerships, acquisitions and agreements to expand its product portfolio and geographic reach. For example, in September 2018, De La Rue launched — Ignite, a visually spectacular next-generation banknote security thread at Mint & Print 2018. Additionally, the company, in September 2018, won the contract from Sveriges Riksbank, the oldest power plant in the world. bank, to produce Swedish krona currency for three years.

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